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Author Topic: HUD HOMES or House Flipping in General  (Read 3566 times)

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Offline BomberMann650

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Re: HUD HOMES or House Flipping in General
« Reply #25 on: June 01, 2017, 09:48:41 AM »
Quote from: chewbacca5000 on June 01, 2017, 07:16:06 AM
The goal is for me to no longer have a mortgage to deal with.  Learned that selling and buying houses is expensive.  Anyone have thought on how I can trim closing cost and commisions.

Buy owner direct?  Finance with credit unions if you must?
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Offline Duke McDukiedook

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Re: HUD HOMES or House Flipping in General
« Reply #26 on: June 01, 2017, 09:55:59 AM »
Study for the real estate license and pass the test. You will need that basic knowledge to understand the legal contracts you will be signing to buy a house. Either that or get a JD.
You can really screw yourself if you don't understand the terms of the contracts you will be signing if you want to bypass realtors.

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Offline flybox1

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Re: HUD HOMES or House Flipping in General
« Reply #27 on: June 01, 2017, 12:53:13 PM »
+1. 
get your own lic, or have the sellers agent represent both parties at a discounted rate.
Understand that this has its own inherent risks.

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Offline chewbacca5000

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Re: HUD HOMES or House Flipping in General
« Reply #28 on: June 02, 2017, 03:52:06 AM »
Quote from: Duke McDukiedook on June 01, 2017, 09:55:59 AM
Study for the real estate license and pass the test. You will need that basic knowledge to understand the legal contracts you will be signing to buy a house. Either that or get a JD.
You can really screw yourself if you don't understand the terms of the contracts you will be signing if you want to bypass realtors.

That is some good advice.  Thanks!
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